Financial and Banking News
Provisions Recoveries Take Emirates Bank International To Profits Increase
Dubai-based Emirates Bank International (EBI) has reported a 10% increase inprofits for 1994, despite reversals in the bond market. The main factor allowingthe increase was a net recovery from provisions which contrasted with provision allocations in 1993. The bank is retaining its 17.5% dividend. The GeneralManager, Mr. David Berry, says that the bank...